Full Citation

Title: Wealth mobility in the United States: 1860–1870

Citation Type: Journal Article

Publication Year: 2022

ISBN:

ISSN: 1527-8034

DOI: 10.1017/ssh.2022.19

NSFID:

PMCID:

PMID:

Abstract: We offer new evidence on the dynamics of wealth holding in the United States over the Civil War decade based on a hand-linked random sample of wealth holders drawn from the 1860 census. Despite the wealth shock caused by emancipation, we find that patterns of wealth mobility were broadly similar for northern and southern residents in 1860. Looking at the determinants of individual wealth holding in 1870, we find that the elasticity with respect to 1860 wealth was quite low in both regions-consistent with high levels of wealth mobility.

Url: https://doi.org/10.1017/ssh.2022.19

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Authors: Dupont, Brandon; Rosenbloom, Joshua L

Periodical (Full): Social Science History

Issue:

Volume: 46

Pages: 801-829

Data Collections: IPUMS USA

Topics: Fertility and Mortality, Poverty and Welfare

Countries: